Bulgaria records 2.83B leva Budget deficit in January-September 2024
Bulgaria’s Finance Ministry has recorded a consolidated Budget deficit of 2.83 billion leva in the first nine months of the year, or 1.4 per cent of this year’s estimated gross domestic product.
This was a significant increase in the deficit compared to the same period of 2023, when Bulgaria recorded a Budget shortfall of 841 million leva.
This was despite the Budget balance being boosted by the Cabinet’s transfer of 1.2 billion leva – allocated from last year’s Budget – in funding for municipal projects, to be distributed throughout 2024.
Revenue in January-September was 52.03 billion leva, up 9.2 per cent compared to the same period of last year. Tax revenues were 42.29 billion leva, an increase of 13.2 per cent.
Budget spending was 54.86 billion leva, up from 48.48 billion leva recorded in the same period of 2023, an increase of 13.2 per cent.
(Photo: Pedro Moura Pinheiro/flickr.com)
Please support independent journalism by clicking on the button below. For as little as three euro a month or the equivalent in other currencies, you can support The Sofia Globe via patreon.com and get access to exclusive subscriber-only content:
